Global Safety Light Curtain Market Trends, Application, and Regional Forecast to 2027Posted by Karthik Pilla on August 4th, 2022
Bharat Book Bureau Provides the Trending Market Research Report on “Safety Light Curtain Market by Safety Level Type (Type 2, Type 4), Component (LEDs, Photoelectric Cells, Control Units, Display Units), Resolution (9–24mm, 25–90mm, More Than 90mm), Application, Industry and Geography - Global Forecast to 2027” under Consumer Goods Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence, and Market reports. The Safety Light Curtain Market is expected to grow from USD 1.1 billion in 2022 to USD 1.4 billion by 2027, at a CAGR of 5.8% during the forecast period. Rise of digital platforms in manufacturing is driving the market for safety light curtain. The growing adoption of automated and digital technologies, the increasing penetration of robots in the packaging industry, and stringent safety standards that manufacturers must adhere to are all driving market growth. Furthermore, the inability of safety light curtain to protect from secondary hazards; and need for regular maintenance are major restraints to the market. “Asia Pacific to dominate the safety light curtain market for automotive industry from 2022 to 2027” Asia Pacific is expected to dominate the safety light curtain market for the automotive industry during the forecast period. It is expected to grow at the highest CAGR from 2022 to 2027. The automotive industry plays a major role in the growth of developing economies such as India, China, and Brazil. According to the Organization Internationale des Constructeursd’Automobiles (OICA), the automotive market registered a growth of ~6% in the Asia Pacific (in terms of sales of new vehicles). “Robotics segment is expected to dominate the safety light curtain market throughout the forecast period” The robotics application is expected to account for the largest size of the safety light curtain market throughout the forecast period. The safety light curtains with resolution ranging from 25mm to 90mm include hand and arm detection are generally deployed in robotics application; this specification is available for both type 2 and 4 safety light curtains. Besides, the stringent safety regulations associated with robot deployment at workplaces are fueling the demand for safety light curtains. The increasing deployment of robots in various industries, such as automotive, semiconductor & electronics, and food & beverage, is propelling the segment’s growth. “Safety light curtain market in Asia Pacific region to register highest CAGR between 2022 and 2027” The safety light curtain market in the Asia Pacific is expected to grow at the highest CAGR during the forecast period. Further, Asia Pacific is also expected to account for the largest share of safety light curtain market throughout the forecast period. Asia Pacific accounted for ~40% of the safety light curtain market in 2021. The region is a major provider as well as user of safety light curtain technology and is expected to provide ample growth opportunities for the safety light curtain providers in the market. Asia Pacific has been a major contributor to the growth of the overall safety light curtain market as the region is emerging as an important hub for automobile manufacturing. In addition, the presence of major safety light curtain OEMs in the region such as OMRON (Japan), KEYENCE (Japan), and IDEC (Japan) further boosts the adoption of safety light curtains in Asia Pacific. Breakdown of primaries •By Company Type: Tier 1– 30%, Tier 2– 40%, and Tier 3 – 30% Key players in the safety light curtain market are OMRON (Japan), KEYENCE (Japan), SICK (Germany), Rockwell Automation (US), Pepperl+Funch (Germany), Panasonic (Japan), Schneider Electric (France), Datalogic (Italy), Banner Engineering (US), Balluff (Switzerland), Smartscan (UK), Leuze Electronic (Germany), ABB (Switzerland), EUCHNER (Germany), IDEC (Japan), Pilz(Germany), ifm electronic (Germany), WenglorSensoric (Germany), Schmersal (Germany), Rockford Systems (US), Contrinex (Switzerland), Orbital Systems (India), Pinnacle Systems (US), HTM Sensors (US), and ISB (Canada). Research Coverage: Key Benefits of Buying the Report Browse our full report with Table of Content : About Bharat Book Bureau: Contact us at: Like it? Share it!More by this author |